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Tag: CBN
AFCON allowances, bonuses not delayed by CBN, says NFF
Nigerian Football Federation boss, Ibrahim Gusau has blamed budgetary constraints for the failure to pay up outstanding allowances and bonuses to the Super Eagles. At a meeting with the Super…
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Oil Imports Drop by 35% in Q2, 2024 – CBN
Nigeria’s oil imports dropped by 35 per cent in the second quarter of 2024, amounting to $2.79bn, down from $4.31bn in the previous quarter. This is according to the quarterly…
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CBN will deploy necessary tools to battle inflation – Cardoso
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has affirmed that the Federal Government is prepared to deploy all tools to rein in inflation. The CBN, Cardoso said, is prepared…
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CBN To Nigerians: No deadline for circulation of old Naira notes amid December 31 rumours
The Central Bank of Nigeria (CBN) has dismissed reports that the old N200, N500, and N1,000 banknotes will cease to be legal tender by December 31, 2024. In a statement…
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Banks’ Deposits With CBN Now N3.42trn – Report Reveals
The deposits of banks with the Central Bank of Nigeria hit a weekly high of N3.42tn at the end of last week. This followed the announcement of the operationalisation of…
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Senate postpones public hearing on CBN, NDIC Acts Amendment Bills
The Senate Committee on Banking, Insurance and other Financial Institutions on Tuesday postponed its public hearing on the Central Bank of Nigeria (CBN) Act (Amendment) Bill and the Nigerian Deposit…
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UPDATE : CBN Raises Interest Rate To 26.25%
To combat growing inflation, the Central Bank of Nigeria's Monetary Policy Committee hiked interest rates by 150 basis points, to 26.25 per cent from 24.75 per cent in March. …
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Tinubu Orders CBN To Suspend Implementation Of Cybersecurity Levy
President Bola Tinubu has asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy and ordered a review. Tinubu‘s order followed the decision of…
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Banks’ loans to private sector, govt decline by N24tr in March – CBN
The Central Bank of Nigeria, CBN, has said that banks loans to the private sector and the government declined by N24t trillion in March this year. In a money…
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Court adjourns Emefiele’s trial till May 9 as EFCC files additional evidence
The Ikeja Special Offences Court adjourned until May 9 for the defense to review additional proof of evidence provided by the Economic and Financial Crimes Commission (EFCC) regarding the case…
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